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Thursday, April 10, 2008

Cambodia lifts ban of rice exports for three provinces

PHNOM PENH, April 9 (Xinhua) -- Prime Minister Hun Sen has lifted the ban of rice exports for three provinces neighboring Vietnam due to their difficulty of processing and storing newly-harvested paddy, English-Khmer language newspaper the Mekong Times reported on Wednesday.

The premier made the decision on Monday under the request of Commerce Minister Cham Prasidh to allow Prey Veng, Kandal and Takeo provinces to export rice, while the ban still remain valid for other provinces.

Hun Sen imposed the two-month-long ban of rice exports on March26 in order to help curb the spiraling price of the staple food.

Minister Agriculture and Fisheries Chan Sarun said that the permission is being offered because the farmers in these three provinces have harvested dry-season rice and found it difficult to store.

"Cambodia will not face a problem of food security because plenty of rice is already in stock," he added.

At the end of March, as another measure to help bring down the price, the government released national stockpile of rice into the market. High-quality rice once sold one U.S. dollar per kilo, almost two times the previous price.

Experts believed that the decrease of global rice production and the over purchase by Vietnam and Thailand from Cambodia had caused the price hike on the Cambodian market

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